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189 Mose Dr 25,800 SF 100% Leased Retail Building Sparta, TN 38583 $775,000 ($30.04/SF)
Investment Highlights
- Sale-Leaseback investment opportunity with national credit tenant occupancy (Financial Services)
- Property is located within a federally designated Opportunity Zone
- Multi-tenant configuration with additional leasable area
Executive Summary
• Sale-Leaseback investment opportunity with national credit tenant occupancy
• Established local-service banking location
• Long-term lease structure with national credit tenant with initial 7-year term with multiple 5-year renewal options
• 5.38-acre site providing additional development flexibility
• Multi-tenant configuration with additional leasable area
• Convenient access and on-site parking
• Value-add opportunity through lease-up of remaining office or service-oriented space
• Property is located within a federally designated Opportunity Zone, which may provide potential tax advantages for qualified investors
• Established local-service banking location
• Long-term lease structure with national credit tenant with initial 7-year term with multiple 5-year renewal options
• 5.38-acre site providing additional development flexibility
• Multi-tenant configuration with additional leasable area
• Convenient access and on-site parking
• Value-add opportunity through lease-up of remaining office or service-oriented space
• Property is located within a federally designated Opportunity Zone, which may provide potential tax advantages for qualified investors
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
25,800 SF
Building Class
B
Year Built
1981
Price
$775,000
Price Per SF
$30.04
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.11
Lot Size
5.59 AC
Opportunity Zone
Yes
Zoning
C-D
Parking
107 Spaces (4.15 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 048-019.02 | Improvements Assessment | $1,111,320 |
| Land Assessment | $204,960 | Total Assessment | $1,316,280 |
Property Taxes
Parcel Number
048-019.02
Land Assessment
$204,960
Improvements Assessment
$1,111,320
Total Assessment
$1,316,280
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189 Mose Dr
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